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CSPAN
Dec 7, 2012 5:00pm EST
way we don't want to go over the fiscal cliff. in other words, the fiscal cliff is a big austerity. we get $7 trillion in the deficit reduction over the last ten years. but you don't do it the way we want to do it. when it comes to the baseline, we have to work together as part of an agreement to get the right baseline but that doesn't mean it is not for real world deficit reduction. it is. does it mean that it's better than the current law? maybe not. but there is an agreement that in the fiscal cliff is not the best way. >> we could add the baseline. the deficit to gdp. >> you said the deficit. >> you look at the current line baseline and get under 1% of deficit to gdp. >> seven years and 7 trillion of debt reduction. if anybody wants to read more about, please look at that space on what it takes. i thank you all for being here today. one reason we have to end it is that these people are going to be so instrumental in getting us out of this mess that we have to get them back to work. >> , come thank you. [applause] >> more about the impact of the fiscal cliff coming about as the joint chief of staff >> i think the writers institute is very important that in the culture. we are a culture of words, of the voices
CSPAN
Dec 12, 2012 11:00pm EST
of the fiscal cliff on medicare. "washington journal" starts at 7:00 a.m. eastern on c-span. >> i've been on that list, they are as good as gold. >> all of us in this country are starting to see people coming out and talking about their experience of this phenomenon. though many of us have experienced this in one way or another and have no words for it other than adolescence when growing up. i think there was a moment where there was a possibility for change. the director and i, to start the film, i have the feeling that opinions are bubbling up and coming to the surface to say to say this is something that we can can't accept any more as part of our culture. and he alone has followed up her award-winning film by gathering essays and personal stories together in her book, bully on "after words" on c-span2. find more booktv online and like us on facebook. >> north dakota senator kent conrad said goodbye to the senate on thursday. he chaired the senate budget committee and is involved in the fiscal deadline negotiations. senator conrad was elected to the u.s. senate in 1986. >> i have often joked with him that he has been my secretary on state and i have served here int the united states senate
CSPAN
Dec 6, 2012 12:00pm EST
the fiscal cliff. well, the fiscal cliff has many components. it may be broken into many different bills that come before this body. would end to get rid of the motion to proceed so we can get those bills to the floor so we can debate them. we need to make sure that if a group say, let's block in bill from the final vote, that think express their views accountably before the public. it's the least that should happen. so the senate is headed out for the weekend. we'll be back next week, and i ask for the american public to weigh in, to think about the fact that this hidden process is hurting our ability to address the biggest issues in america. i ask my colleagues to wrestle with that. and, mr. president, it is my hope that folks will hold those conversations with the public back home. i have done so in every county of my state, through my town halls. i hold one in every county every year. i have raised this issue of whether or not when folks vote for debate they should be required to debate, they should be required to make their case, not to kill bills in the dark of night. and i can tell you whether it
CSPAN
Dec 5, 2012 12:00pm EST
. there will be a deadline, the so-called fiscal cliff, coming up and the president has announced that we don't have enough time to do entitlement reform, we don't have enough time to do tax reform, we don't have enough time to do immigration reform. well, when are we going to start? when is there going to be a committee hearing designated towards entitlement reform? i've been here two years. there's no such committee. when will there be committee hearings and meetings on immigration reform? there won't be time, deadlines will pass. but why not break things up into smaller pieces? why have to have some enormous fiscal cliff, or whatever, that everybody has to agree to a thousand moving parts? we are of different persuasions, of different parties, of different beliefs. we're never going to agree on a thousand things. why don't we start passing some things we can agree to? this is a small step forward. we can pass this bill today. do you have an explanation that you can help me to understand why we have to have empty partisanship, why we can't move forward to pass some small things
CSPAN
Dec 10, 2012 1:00am EST
, if the so-called fiscal cliff talks do not come to a conclusion, it's implemented, have you looked at how you have to compromise the university of pennsylvania? how it would affect the university of pennsylvania? >> yeah. if we were to go over the miscall cliff, and more so if there isn't compromise that really establishes the american financial system on solid grounding, then there will be many ways in which we, as a university, and every university in the country will be compromised in the sense of compromising our quality. we will be -- we depend upon the funding of biomedical research to spur innovation in the country. that will dry up. we are committed to making penn affordable for the undergraduates which costs $181 million a year. that's twice the amount it costs us eight years august because we ramped up financial aid, and the more unemployment terrorist in the country, the more we spend on financial aid, and it would be a tragedy if the country moved in a direction to make education less affordable so, we, as a university, are very dependent and very concerned about the fi
CSPAN
Dec 12, 2012 9:00am EST
boehner on our fiscal cliff that's coming up in just a few weeks. i know that all of us want to see that happen. i think that each of us knows that the very best thing that can happen for the economy in new york or tennessee or anyplace is for us to get this behind us and for businesses to begin this next year knowing that congress and the white house have worked out an arrangement to put this fiscal issue in the rearview mirror. i know that we're moving hopefully -- hopefully what we'd like to do is move not just beyond the fiscal cliff but have a fiscal reform bill in place that's in the $4 trillion, $4.5 trillion range, so that he he -- we can at least for a period of time put this issue in the rearview mirror. madam president, i want to tell you i'm hopeful that that will occur. i know there have been a lot of discussions in our caucus and your caucus about that happening. on the other hand, madam president, it's my understanding that these negotiations really aren't moving along very rapidly. we only have a few weeks left in this year. it's beginning to look like at a minimum if the
CSPAN
Dec 12, 2012 12:00pm EST
, people are frustrated by the inability of congress to come together on solving the fiscal cliff, the so-called fiscal cliff. we understand that this needs to be avoided. going off the fiscal cliff could cause a major damage to our economy. if we take no action by january 1, as i'm sure most people are now aware, tax rates will go back for all taxpayers to the pre-bush tax rates. the alternative minimum tax that shields tens of millions of americans from paying extra income taxes will expire and millions of americans will be subject to extra taxes. the unemployment insurance program will come, the extended benefit program will come to a halt, the payroll tax holiday will end and individuals' take-home pay will be reduced. we have a serious problem on medicare reimbursement to our physicians. they would be subjected to a significant cut, close to 30% which would have an impact on seniors and our disabled population having access to physician care. and we would go through what's known as sequestration which is across-the-board cuts to almost all federal programs ranging from 8% to about 10
CSPAN
Dec 4, 2012 11:00pm EST
the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it continues to stop. or if you don't like that, if your worst eyes, i suggest that you does not dismount. in lieu of that retirement, i decided to set up the foundation to increase awareness of long-term debts and get solutions. never in my experience have these things are more closely linked, in the words of mike mullen. we are endlessly reminded that everything must be on the table, including defense, which accounts for about 20%, as you probably know of the budget. but the defense doesn't really seem to be on the table. in terms of widely discussed
CSPAN
Dec 11, 2012 5:00pm EST
us to another fiscal cli cliff. so, again, i hope the president and speaker boehner will come up with a solution that puts us -- puts this behind us. we all know what we need to do. what we've lacked around here is just the political courage to sit down, both sides of the aisle have issues, i understand that, but we've lacked the political courage to sit down and deal with this issue. so it appears to me again that where we may be headed is towards the end of this month rescuing the 98%, putting that issue over the side and then using the debt ceiling or the c.r. as that forcing moment to cause us to finally come to terms with this fiscal issue. and i regret that we are in a place in our country where we have to have these forcing moments but that's where i believe we're headed. and i can just say to everybody in here, what i cannot abide by, one senator, since i know that we know what all the solutions are, we know the changes that need to be made, we could sit down and go through columns on either side, revenues and -- and changes to get us in a place where we need to be, but w
CSPAN
Dec 12, 2012 8:00pm EST
going over that fiscal cliff if the folks in washington can get their act together? >> well i come from a part of south carolina which has been economically challenged for quite a long time and remains so. certain parts of south color alina have developed pretty strongly about the but the part that i come from both the aqua cultural manufacturing has a high foreclosure rate and people are having a hard time there and i visited there a few times as chairman. so part of the reason that we are engaging in these policies is to try and create a stronger economy, more jobs so folks across the country including places like the one where i grew up will have more opportunity to have a better lifestyle. so it's a jim import and i think it's very important that we not just look at the numbers. we need to look at the unemployment rate and say every tenth means many many people are represented there so it's very important to try to keep in mind the reality of unemployment to foreclosure of weak wage growth etc. so we always try to do that. and i want to, it's always a delicate balance and you don't
CSPAN
Dec 6, 2012 9:00am EST
, the two parties can't get together to come to agreement on avoiding the fiscal cliff. it's as if some are in denial that there was an election and that the president won reelection. and that a whole bunch of us won reelection to the senate and to the house. it's as if the ideological rigidity is still indoctrinaire. and the lesson as that the people were telling us about -- and the lessons that the people were telling us about bipartisanship, that they demand bipartisanship, as if the parties and their leaders didn't understand that that's what the american people were demanding. and here, as the drumbeat grows louder as we approach december 31st and falling off the fiscal cliff. now, there's an easy cliff, whatever your ideology and your approach to this. it can be hammered out next year when we are doing major things, such as a rewrite of the i.r.s. tax code and all that that can portend in producing revenue. by making the code more streamlined and in the process get rid of a lot of the underbrush, loopholes, utilize that revenue to lower rates. but that's for another day after long
CSPAN
Dec 5, 2012 9:00am EST
fiscal cliff that we also include the farm bill. because with the farm bill we save $23 billion over what we've been spending the last few years. so let's get to work and get this done. thank you, madam president. i yield the floor. i ask unanimous consent that the following members of senator baucus' staff be granted floor privileges during the consideration of h.r. 6156. that would be lisa pearlman, rebecca nolan, owen hockey and dan rusk. the presiding officer: without objection. ms. klobuchar: i yield the floor and i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: the presiding officer: the senator from rhode island. mr. reed: i ask that the quorum call be dispensed with. the presiding officer: without objection. mr. reed: i ask unanimous consent a dealee to the committee on banking, housing and urban affairs, katharine topping be granted floor privileges for the remainder of this session. the presiding officer: without objection. mr. reed: thank you. we all recognize the country faces many, many challenges. too many of our nei
CSPAN
Dec 11, 2012 12:00pm EST
happen if we fall off the so called "fiscal cliff?" guest: they do. what we saw last year is business leaders were concerned that washington was not going to come together with a deal. and that it could end badly, but it was a more muted concern. they just trusted washington would get it done. given how quickly things happened last time, they are taking a much more active role. business leaders have come to washington to require a minimum height standard for the ride of the fiscal cliff. they want to make sure that members of either party who are speaking out are as close as possible to simpson-bowles. talk about real cuts, about real revenue. it's much more and ownership in the process this time. host: where does your group come down on regulations? guest: our job is to go out and get business leaders around the country more involved. the business leaders speak for themselves. business leaders are generally extremely influential in their home markets. there are the kind of people if that can give a member of congress moderate republican or moderate democratic calls on tougher votes. those leaders are increasingly concerned about what going on in washin
CSPAN
Dec 7, 2012 9:00am EST
heard about this fiscal cliff. that's the convergence of higher tax rates and, of course, all the spending. >> both parties, democrats and the republicans need to come together. >> the our three branches of government, and congress, and the president are equal. and pretty much neither one has the right position for the country. >> i know that america is going to be a great country again. and that will fix the problems we have at home, and bring together the two parties that are dividing the country, and fighting for different things. i know that this is going to happen. >> we're only going to get out of this together. we're not going to get out of it as a democrat. we're not going to get out of it as republican. we're going to get out of it as an american. >> thank you, ed. thank you, joan. we're going to get on with a program right now. let the introduce the moderator of that program, ron brownstein. on its editorial director of the "national journal," which means he oversees all the little coverage coming out of our company. he writes a weekly column for "national journal." is regularly on cnn and major cable networks. the realnetworks. and he is one of th
CSPAN
Dec 8, 2012 9:00am EST
coming. everyone is wound up in a novel about the fiscal cliff. this is nothing compared to what is going to happen. using two million people losing their jobs is a big deal? if this debt bomb goes off you will see twenty million people lose their jobs. you will see 16% inflation, tax revenues go down, you will see all the pension plans in the country go belly up. what you are counting on isn't going to be there. your home is not going to be worth anything. your retirement won't be worth anything. the people who will survive that will be the very wealthy. we are going to see is crash of major proportions because we, those of us responsible having fulfilled our duty of sacrificing our political careers to do what is in the best interest of the country. >> host: michael in maryland, go ahead. >> caller: thank you. i have a question and comment. my first question is to you find out the two members of the oklahoma delegation who asked about this at -- sidewalks to know where and we could not compare our economy to greece, the greeks make a really -- don't contribute to the world economy
CSPAN
Dec 7, 2012 12:00pm EST
congress talk about their perceptions of negotiations over what is called the fiscal cliff. also, don't forget to explore the history and literary culture of new york capital city of albany this weekend. book tv is on c-span2 and american history to be on c-span three. >> coming up at 7:00 c-span will be lot of discussion unskilled immigrants. virginia senator mark warner is sponsoring a bill to allow more highly skilled veterans and to the u.s. >> we have had these this the five explosions of knowledge in madison, but we have not coordinated care. all the services that we have end up having some any cracks that the cracks are as harmful as the diseases that we are treating. we have to step back and ask, you know, are we hurting people overall? and income on a global level where we doing some times? and, of course, now we have to these reports saying 30 percent of everything we do may not be necessary in after. we will be step back, 30 percent of all the medications we prescribe, the tests we order, the procedures. this is something, i think, which is for the first time really being called out as a problem. >> dysfunction in the u.s. health care industry. what hospitals will tell you. his latest is unaccountable. saturday night at 10:00 eastern on afterwards on
CSPAN
Dec 13, 2012 9:00am EST
i believe that any deal to avert the fiscal cliff must address serious entitlement reform. we should not let the discussion around taxes, which is sort of dominating the airwaves here in washington, distract us from the fact that washington has a spending problem, not a revenue problem. every independent expert who examined america's long-term structural fiscal dilemma comes to the same conclusion. entitlement programs are the drivers of our national debt over the long term. those who argue that we can dig our way out of a $16 trillion debt -- and counting, by the way -- by raising taxes are ignoring reality. according to the congressional budget office's most recent forecast, under the current tax rates, revenues over the next ten years will average roughly 18% of g.d.p. in other words, federal revenues will return to their historical average without raising taxes on anyone. i will repeat that, mr. president, because i think it's an important point. our tax revenues will go back up to average 18% over the next decade, which is the historical average. that happens with existing tax p
CSPAN
Dec 10, 2012 8:30am EST
fiscal cliff by white house economic adviser gene sperling and republican senator rob portman. then we're live with a discussion on the latino vote in the 2012 presidential election and the prospects for changes to immigration policy. and later the senate's back at 2 p.m. eastern for general speeches. later, members resume debate on extending the transaction account guarantee or t.a.g. program that provides unlimited deposit insurance cover coverage a procedural vote on that measure is expected along with a vote on president obama's nominee to be the assistant secretary of housing and urban development. live gavel-to-gavel coverage here on c-span2. >> today the pew center ohses a daylong conference on voters' experiences in the 2012 election. representatives from google, facebook, microsoft and twitter as well as democratic and gop secretaries of state will discuss voter registration and id laws and the long lines that occurred outside some voting precincts. live coverage of the conference begins at 9 a.m. eastern over on c-span3. >> now, white house economic adviser gene sperling a
CSPAN
Dec 4, 2012 8:00pm EST
little less than an hour. >> host: as part of our series looking at that so-called fiscal cliff that's looming, we're looking at different aspects of it. and today we turn our attention to the alternative minimum tax and the patch that could come from congress if they're able to work out a deal. if they do nothing, this will impact 30 million americans. joining us to discuss is georgetown law's john buckley. thank you for being here. john buckley, let's begin. what is the alternative minimum tax? >> guest: well, in very simple terms, the tax requires you to pay the greater of what you pay under the regular income tax or what you would compute under the minimum tax which has a slightly broader base. it disallows some deductions that would be allowed in the regular tax. in some respects it's very similar to the cap on itemized deductions that's currently being discussed. rather than directly attack preferences and expenditures, it essentially puts an overall cap on the benefit. there's no new ideas in this debate. the cap bears a very strong relationship to how the alternative minimum tax works. >> host: here is the form 6251 from the irs for the 2011 tax preparations. and here's part one, thetive minimum taxable income and all these
Search Results 0 to 18 of about 19